From reuters.com:
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Sony Corp is expected to post an operating loss of about 100 billion yen ($1.1 billion) for 2008/09, the Nikkei business daily reported, far short of the company forecast for a profit of 200 billion yen.

The operating loss -- Sony's first in 14 years -- could be double that, depending on inventory conditions in the January-March quarter, the Nikkei said it had learned.

The maker of Bravia flat TVs and PlayStation 3 video game consoles said in December that it would cut 16,000 jobs, curb investment and pull out of some businesses to save $1.1 billion a year as the global recession hits demand for its products.

The loss would be only the second since Sony went public in 1958 and the first caused by troubles in its mainstay electronics business, the Nikkei said.
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Full Story: reuters.com

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